Central Bank Act 1942

21.—(1) The President may, on the advice
of the Government, remove the Governor
from office on the ground that the Governor
has, because of ill-health, become permanently
incapacitated from carrying out the
responsibilities of Governor.

(2) The President may, on the advice of
the Government, remove the Governor from
office
F122[…] on one or more specified
grounds of serious misconduct.

(3) A decision of the President removing
a Governor from office under this section
takes immediate effect from the date on
which the decision is notified to the Governor
or the date on which the decision is
first published, whichever date first occurs.

(4) A decision of the President removing
a Governor from office under this section
can be referred to the European Court of
Justice in such manner and on grounds consistent
with Article 14.2 of the ESCB
Statute.
]